ST. LOUIS (KSDK) - A former Washington University investment manager surrendered to federal authorities Friday on computer fraud charges, U.S. Attorney Richard Callahan said.
According to court documents, David Shen was indictment April 23 on two felony counts of computer fraud and one felony count of wire fraud. The indictment was kept sealed until Shen's arrest.
Shen, 43, worked with the Washington University Investment Management Company. He resigned in October 2011 instead of being fired. The indictment alleges Shen downloaded protected and sensitive financial information and attempted to access additional sources of private information.
If convicted, David Shen faces up to five years in prison and/or $250,000 in fines on each charge of computer fraud, and up to 20 years imprisonment and/or fines up to $250,000 for wire fraud.